Friday, May 29, 2026

OPEC+ Grapples With Iran Crisis as Ministers Meet in Jeddah

From Bloomberg When OPEC and its allies gather in the Saudi Arabian city of Jeddah this weekend, their conversation will be dominated by a member of the group that isn’t there: Iran. As U.S. President Donald Trump squeezes oil exports from the Islamic Republic with sanctions, the discussions among other producers such as Saudi Arabia and Russia will likely focus

Trudeau’s Conservative Rival Pledges Energy Independence by 2030

From Bloomberg Canada’s opposition Conservatives, leading in the polls ahead of October elections, will seek to make the country oil independent within 10 years if they win power, the party’s leader said Thursday. Andrew Scheer, the front-runner to unseat Prime Minister Justin Trudeau, said he’ll work toward that goal by creating a single corridor of energy infrastructure across the country

China Enlisted for Stranded Gas Venture Ditched by Global Majors

From Bloomberg Timor-Leste, the tiny nation between Australia and Indonesia, has enrolled China’s help to push forward a natural gas export project that’s been abandoned by global oil majors as too challenging. The nation has recently signed an engineering and construction agreement with a state-backed Chinese firm and is targeting a final investment decision on the liquefied natural gas export

Finding Costs Drop to 10-Year Low - Oil & Gas 360

Oil Rallies as Mideast Tensions Flare Over Saudi Pipeline Attack

From Bloomberg Oil soared to a two-week high as Saudi Arabia accused Iran of ordering this week’s attack on its key oil facilities, fueling tensions between two of the world’s oil-producing superpowers. Futures in New York advanced 1.4% on Thursday. Saudi Arabia’s vice-minister of defense and brother of the country’s de facto ruler said on Twitter that Tuesday’s drone attack was ordered by Iran.

Private Equity Firm and Houston Non-Op Join Forces on Deepwater GOM Exploration Program

Another private equity – E&P exploration program Private non-op Houston Energy, L.P. announced that it has entered into a strategic agreement with a private equity firm for deepwater Gulf of Mexico non-operated exploration projects. [contextly_sidebar id=”PuCxewNxItAG5PhNsSOyacpIkm0tnWRm”] Houston Energy Co-Founder and Co-O Ron Neal said: “We are very pleased to enter into this venture and exploration program with our new private

Canadian Senate Committee Nixes Oil Tanker Moratorium Act that would Prevent Energy Exports from B.C.

The Senate Standing Committee on Transportation last night voted to defeat Bill C-48, the Oil Tanker Moratorium Act. “Bill C-48 would do virtually nothing to address legitimate marine safety concerns of local communities regarding thousands of cruise ships, fueling and other types of vessels that traverse Northern British Columbia waters on an annual basis; it contains no measure to improve